More likely that all assets are rising as markets see an end to...

More likely that all assets are rising as markets see an end to rate hikes. XJO has made 2 higher lows and on the way to set its 2nd higher high. Perma bears still waiting for the pivot? or the recession? the hard landing? Markets are forward looking. Many participants have been waiting for a major selloff for how long? Sometimes, things line up for a push higher into a new bull market. If markets hold up thru the start of Jan, Id expect sentiment to change to bullish and all news will be good news. Carry thru an election year and 2025 starts to look bullish. By then, markets compare to the roaring 20s and viola, a bull market thru to 2029/2030. Not hard to see with CBs now able to lower rates from some meaningfull level when needed.
Time will tell.
Im still long - waiting for that 7400 in the s/t.